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- The Angolan Economy – Diversification and Growth
The Angolan Economy – Diversification and Growth
Auteur :
Kyle
Steven
Date de publication : 19/01/2012
Type : Rapport
Thème : Agriculture
Couverture :
Angola
URL Article :
http://dyson.cornell.edu/research/researchpdf/wp/2012/Cornell-Dyson-wp1207.pdfURL Source :
http://dyson.cornell.edu 
Télécharger le document :
(375,70 kB) angolan_economy_diversification_growth.pdfRésumé/Sommaire :
The high degree of oil dependency in Angola and the stop/go pattern of economic growth that results from fluctuation in oil prices has led to increased desire for diversification of the economy’s export structure and productive base. The most obvious candidate for diversification is agriculture, with large areas capable of supporting rainfed production of a wide variety of crops. However, the real exchange rate distortions caused by large inflows of oil and diamond income make it difficult to promote agricultural development. Imported substitutes for local production are cheap due to exchange rate appreciation, depressing the rate of return on investment in these sectors.
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